Estate agent review of Silver Lakes Golf Estate

Private Property South Africa

Learn more about the properties available in this upmarket estate in Pretoria East.

What makes this estate uniquely special?

Although Silver Lakes Golf Estate is an upmarket estate offering very expensive property, the biggest demand in the estate is for homes priced under R4m. Silver Lakes succeeds in combining a secure, comfortable and luxurious lifestyle with affordability. Silver Lakes is all about lifestyle and providing homeowners with “peace of mind” by means of maintaining high security standards. Besides the focus of this estate being on the meticulous golf course, people of all ages can also enjoy the carefree outdoor lifestyle the estate has to offer, including running, walking or cycling through the estate on well-appointed pathways.

Nelia Venter: Agent, Seeff Pretoria East and Silver Lakes

What attracts buyers to Silver Lakes?

Being one of the first residential golf estates in South Africa, the numerous lakes gave name to Silver Lakes in the east of Pretoria. Top grade security, easy living and comfortability are part of this affluent lifestyle. It offers an 18-hole golf course, clubhouse with restaurant, tennis and squash courts and numerous walkways and a nature reserve with small game. Access to the N4, major routes and future Hazeldean developments is a great demographic advantage of Silver Lakes. In close proximity are colleges, private and government schools, numerous shopping malls, motor dealerships, gymnasiums and medical facilities.

Linda Burke: Agent, Leapfrog Pretoria East

What is currently happening in the property market in Silver Lakes Estate?

Results for 2016 to date show a total of 51 freehold property registrations compared to 80 in 2015 and 86 in 2014 with a median value of R3,4m to date comparing with R3,5m median value in 2015 and R3,35m median value in 2014. Recent buyers are grouped in the following age demographics: 6% aged 65 or older, 19% aged 50 - 64; 69% aged 36 - 49 and 6% aged 18 - 35. Downward price adjustments were inevitable after the rand depreciated and influences from international companies who also experience economic pressures are evident in rental budgets.

Juanita du Plessis: Property consultant, Lew Geffen Sotheby’s International Realty

This article originally appeared in Neighbourhood, Sunday Times.

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Pretoria East
Accessible escape from the city
Pretoria East offers a tranquil escape for those that work in the city. The leafy streets and well established gardens give the area a sedate, village-like feel. Everything is close-by and residents don't have to go far for shopping or recreation. It's a popular suburb, largely due to the fact that it's easily accessible from major highways - the N1 and the N4. This neighbourhood attracts a good mixture of young professionals and young families, with kid-friendly activities widely available. There are large, open spaces in this area, allowing for big gardens and freestanding houses. However, this area has many townhouses, clusters and security estates as well.